compute the companys cash flow on total assets ratio for its fiscal year 2019

(The following information applies to the questions displayed below) The following financial statements and additional information are reported. IKIBAN INC Comparative Balance Sheets June 30, 2019 and 2018 2019 2015 Assets Cash $ 96,180 $ 63,000 Accounts receivable, net 93,500 70,000 Inventory 82,800 115,000 Prepaid expenses 6. 300 9,200 Total current assets 278, 700 257,200 Equipment 143,000 134,000 Accum depreciation-Equipment (36,500) (18,500) Total assets $385,200 3372,700 Liabilities and Equity Accounts payable 544,000 $ 58,500 Wages payable 7,990 18,800 Income taxes payable 5,300 7,600 Total current liabilities 57,200 84,998 Notes payable (long term 49,000 79,00 Total liabilities 106,200 163,900 Equity Common stock, 55 par value 258,000 179,000 Retained earnings 21.000 29,800 Total liabilities and equity $385,200 $372, 708 TKISAN INC Income Statement For Year Ended June 10, 2019 Sales Cost of goods sold 5772,000 430,000 hp Exercise 12-11 Part 2 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2019, Choot Numerator: Operating cash flows Cash Flow on Total Assets Ratio Choose Denominator - Cash Flow on Total Asset Ratio Average total assets Cash flow on total assets ratio 1 Prey 4 of 5 he ON 96